The Bank of Jamaica (BOJ) released its expectations for inflation based on a survey conducted between July 17th and August 04th 2017. July’s survey indicated the expected inflation rate for 2017 is 1.8% for the calendar year, lower than the previous survey outturn (see Figure 1). Notably, the expected rate of 1.8% for 2017
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Based on activity observed in July 2017 relative to June 2017, seasonally adjusted production in the construction sector expanded 0.2% and 0.3% in the EU28. According to Eurostat, the statistical office of the European Union, “In July 2017 compared with July 2016, production in construction increased by 3.4% in the euro area and by 3.6%
On July 24, 2017, Ansa Coating International Limited (ACI) purchased 100 per cent of shareholdings in Lewis Berger (Overseas Holdings) Limited (“LBOH Acquisition”). As a result of this acquisition, Ansa indirectly holds 109,332,222 ordinary shares in Berger Paints Jamaica Limited (BRG), which represents 51.01 per cent of the shares in issue. As the majority shareholder,
Since the Federal Open Market Committee met in July, information received indicated that the labor market continued to strengthen and economic activity expanded moderately so far this year. Job gains have performed relatively strong in recent months, while the unemployment rate has remained low. Household spending according to the Federal Reserve has expanded at a
Derrimon Trading Limited (DTL) Annual General Meeting held September 20, 2017 ,began with Director and CEO Mr. Derrick Cotterell welcoming the audience, shareholders and visitors. He then proceeded to read his report to the audience. Following this, Mr. Cotterell then gave a brief presentation on the company’s current happenings and overview of the company. According
Revenue increased 11.5% year on year, closing the year at $391.00 million, up from $350.58 million in 2016, while for the quarter revenue amounted to $127.34 million down 5.1% compared to the $134.23 million booked in 2016. Administrative and Other Expenses increased 7.15%, closing the year at $217.12 million relative to 2016’s $202.63 million. As
The inflation rate for the month August 2017 was 0.3%, following an upward movement of 0.6% in July 2017. The division which recorded the highest movement for the month was ‘Recreation and Culture’ with a 1.3% growth, while the index for ‘Food and Non-Alcoholic Beverages’ advanced by 0.6%. STATIN reported that the increase in ‘Recreation
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The International Monetary Fund (IMF) recently concluded its visit to Jamaica and announced, “all quantitative performance criteria and structural benchmarks as at June 2017 were met.” The IMF noted, “the Jamaican economy is rebounding, despite weather swings” and the passing of the pension bill and public sector wage negotiations are crucial for “budgetary certainty and
